28pair Currency Strength double-GAP Momentum Strategy | Page 22 | Forex Factory

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Attachments: 28pair Currency Strength double-GAP Momentum Strategy
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28pair Currency Strength double-GAP Momentum Strategy

  • #421
  • Jan 29, 2016 5:52am Jan 29, 2016 5:52am
Quoting duy90
{quote} Bernhard thank you for your comment I was using your indicator on copaper chart with no candles on it. To use it as directional indicator to tell which paits may be available for trading today. It seems it cannot be used that way if it needs to be updated at all times
Ones you keep it on a live chart it will update all required data in MEMORY. You do not need new actions.
When I start in the morning I update the history then keep the indicator on 2 charts, the entry TF and the trend TF. Now I don't need any other actions to do for the rest of the day.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #422
  • Jan 29, 2016 5:54am Jan 29, 2016 5:54am
Hi Bernhard
Any update on EA?
  • #423
  • Jan 29, 2016 6:02am Jan 29, 2016 6:02am
Quoting ALFtrade
{quote} Ok, maybe its the English translation that I am missing here. So you need all 28 pairs open but minimized at all times (any particular TF?) and then you also have the three charts you work off up as well. If you do this you will not need to reload all TFs with your profiles when you load MT4 up and it shouldn't repaint the currency strength lines? Is this correct? and thank you for your help.
Answer is in 2 posts above.

Currency strength lines do not repaint. If you had missing data and your broker/terminal have filled the missing the indicator will update with the new data ones you changed the TF twice.

Quoting Kavneet
Hi Bernhard Any update on EA?
I don't expect before 1 or 2 month.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #424
  • Jan 29, 2016 7:54am Jan 29, 2016 7:54am
One student send me that today. +1000 pips in 2 weeks. Well done my friend!

Attached Image


Before someone ask, no skype group yet.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #425
  • Jan 29, 2016 8:13am Jan 29, 2016 8:13am
NZDJPY 70 pip
m15 h1
a night trade for me.
strong impulse after news with continuation after pullback
With this news behind I try to catch the move even it is over 161 market fibonacci, some exceptions to the rule...

news trading with currency strength (not for beginners!)
Attached Image (click to enlarge)
Click to Enlarge Name: upgYXa1.png Size: 77 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #426
  • Jan 29, 2016 8:37am Jan 29, 2016 8:37am
Quoting Bernhard
One student send me that today. +1000 pips in 2 weeks. Well done my friend! {image} Before someone ask, no skype group yet.
Congratulations!! It would be great if he could explain this terrific strategy. My experience at the moment its not that level. Still don't know how to do it... I wait for that Skype group to follow more hints. Thanks Toni
  • #427
  • Jan 29, 2016 8:50am Jan 29, 2016 8:50am
the only issue i have is visually scanning the lines and spot the potential trades. sometimes you leave the desk for 30 mins and miss the trade.
  • #428
  • Jan 29, 2016 2:13pm Jan 29, 2016 2:13pm
Quoting forexdaist
{quote} Congratulations!! It would be great if he could explain this terrific strategy. My experience at the moment its not that level. Still don't know how to do it... I wait for that Skype group to follow more hints. Thanks Toni
​Seriously am also waiting to trade alongside some good experience hands because I too still don't get it well.
Bernhard thanks for your hard work, but do you mind adding a little signal service here, just when you see a setup, you tell us here to observe it and join you.
Thanks for your consideration
  • #429
  • Jan 30, 2016 7:41am Jan 30, 2016 7:41am
A trade late Friday. For timing I like here trade pullbacks. GBP came back strong from low. AUD had continuation pattern and came down from high. Confirmed in 3 time frames.
GBPAUD 50 pip
m15 m30 h1
Attached Image (click to enlarge)
Click to Enlarge Name: Pkc557R.png Size: 88 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #430
  • Jan 30, 2016 1:56pm Jan 30, 2016 1:56pm
Hi Bernhard,

I like longterm strategies and I' am experimenting with your Indicator. After BoJ action on Friday morning a huge double gap in USDJPY occurred. My picture is the H4 Tf. There is a very clear down channel for the JPY (magenta) and a breakout from a triangle for the USD. The white dots which I paint, is my personal opinion for the further direction of the pair. We will see what's happening next week. What do you think of this idea?

Attached Image
  • #431
  • Jan 30, 2016 2:59pm Jan 30, 2016 2:59pm
Quoting 23ray
Hi Bernhard, I like longterm strategies and I' am experimenting with your Indicator. After BoJ action on Friday morning a huge double gap in USDJPY occurred. My picture is the H4 Tf. There is a very clear down channel for the JPY (magenta) and a breakout from a triangle for the USD. The white dots which I paint, is my personal opinion for the further direction of the pair. We will see what's happening next week. What do you think of this idea? {image}
I agree with JPY. Look at the daily. Then you see AUD and CAD is stronger for build a pair with JPY.
Attached Image (click to enlarge)
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #432
  • Feb 1, 2016 3:44am Feb 1, 2016 3:44am
GBPUSD 36 pip
m15 m30 D1
nothing special on 36 pip but something to learn is in.
Daily trend was GBP up, USD down.
We had a drop in GBPUSD so thats a pullback.
We had London closed and late Friday.
So time for the pullback to have a pullback what means continuation on trend.
BGP and USD were on m15 at market fibonacci retracement zone 161 and got both a hook.
Closed in the night with flat market on Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: krEvKS6.png Size: 104 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #433
  • Feb 1, 2016 4:35pm Feb 1, 2016 4:35pm
Bernhard nice , congrats. any status of your reasoning?
Good trades.
  • #434
  • Edited 3:55pm Feb 2, 2016 2:05pm | Edited 3:55pm
Today scalping 12 pips each
pullbacks in weak market
Attached Image
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #435
  • Feb 2, 2016 4:01pm Feb 2, 2016 4:01pm
Quoting Bernhard
Today scalping 12 pips each pullbacks in weak market {image}
​How can I achieve that sir?
  • #436
  • Feb 3, 2016 2:36am Feb 3, 2016 2:36am
Quoting chidiezenyem
{quote} ​How can I achieve that sir?
This is the special of CStrength28 indicator. Watch closely the 9th line Market Momentum in m5. When it falls below the market Fibonacci 50 zone and is above the 23 market Fibonacci zone then look for pullbacks as I have described some posts before. here
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #437
  • Feb 3, 2016 5:31am Feb 3, 2016 5:31am
Quoting Hotpotato
{quote} Small drop or bounce depending on the news. But it is about how many pips you are going for. CStrength28 is an excellent scalper. {image}
Indeed it is, and again...
12 pip each
pullback trades
Attached Image (click to enlarge)
Click to Enlarge Name: t99dgRN.png Size: 26 KB
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #438
  • Edited 6:22am Feb 3, 2016 6:11am | Edited 6:22am
Quoting Bernhard
{quote} This is the special of CStrength28 indicator. Watch closely the 9th line Market Momentum in m5. When it falls below the market Fibonacci 50 zone and is above the 23 market Fibonacci zone then look for pullbacks as I have described some posts before. here
Hi Bernhard

I am unsure what you mean by 9th line market momentum, can you please explain? What you are describing in this post is different to your post 364.

To quote your post you say
'Inner zone green - trend-trades
From +100 to -100 market Fibonacci zones.'

and also
Outer zone pink - reversal-trades
Higher then +161 and lower then -161 market Fibonacci reversal zones.

You do not mention anything about the Fibonacci 50 zone or the 23 market Fibonacci zone in that post. You state here about the 5m chart but you haven't related post 364 to any TF.

I do get your general idea for your pullback strategy, where you may try and rid a reversal all the way from Fib +161 to under the Fib 50 zone and wait for a hook then trade it back up to the fib 161. I think this is what you are getting at in both of those posts.

Regards

Alex
'Stability breeds Instability' Hyman Minsky
  • #439
  • Edited 6:38am Feb 3, 2016 6:27am | Edited 6:38am
Hey Alex
I mentioned very often in this thread the 9th line market momentum. Do you have my indicator CStrength28?
What I describe here is not different then post 364 but it is additional.
You can contact me by mail if you like: BernhardFXcontact at gmail dot com
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #440
  • Feb 3, 2016 6:42am Feb 3, 2016 6:42am
very good job, congratulations
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